The research study covers the present scenario and growth prospects of
the global
bus transmission system marketfor 2017-2021. The market
is segmented based ongeography, including APAC, EMEA, and the
Americas.

Technological advances and developments in the automotive powertrain
technologies, especially innovations in BTS will contribute to the
growth of the market. The demand for fuel-efficient vehicles by
governments for public transports, strictly considering the need for
reducing fuel consumption and effects of carbon dioxide emission on the
environment, has made them implement norms. Also, the bus industry has
still not reached its maturity stage owing to the increased demand from
people for advanced public transports to avoid drastically increasing
accidents and traffic congestions.

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Technavio automotive
research analysts highlight the following three factors that are
contributing to the growth of the global bus transmission system market:

Increasing traffic congestion in developed and developing nations,
leading to rise in public transports

Rising demand for luxury buses and coaches

Growth in emerging markets to drive growth of AT systems in commercial
vehicles

Increasing traffic congestion in developed and developing nations,
leading to rise in public transports

Road traffic jams continue to be a major hurdle in most of the developed
economies across the globe, which leads to delays, monetary loss, and
fuel wastage. Some of the countries that face high traffic congestion by
average congestion levels for 2014 are Poland, Turkey, Brazil, China,
New Zealand, the UK, Italy, Canada, the US, France, and Belgium. In
Japan and India, the traffic congestion is the result of an increase in
migration to urban cities and population density.

Siddharth Jaiswal, a lead powertrain
research analyst at Technavio, says, “In the US, 97% of the
population prefer to move during the rush hours in their private
vehicles. One of the reasons is that most of the Americans live in
low-density areas where public transport does not serve efficiently, and
most of the private-owned vehicles are comfortable, convenient, and
faster than public transport.”

Rising demand for luxury buses and coaches

Global bus and coach manufacturing are in the growth phase, driven by
economic growth in the emerging nations, especially in countries like
China and India, where demand for public transport is high. Furthermore,
as the demand for intercity transportation grows, there is a rising
demand for luxury bus and coaches globally.

“Mercedes-Benz introduced its intercity luxury coach segment in India
in 2008. Earlier, luxury coaches were imported but recognizing the
potential of the premium bus market in India, Daimler Buses in 2015
began manufacturing rear-engine buses under the Mercedes-Benz brand in
Chennai, India. Also, Daimler has launched its luxury coach segment
based on the O500 platform,” adds Siddharth.

Growth in emerging markets to drive growth of AT systems in
commercial vehicles

Varying market conditions and strict norms on emission are some of the
macro and micro conditions negatively affecting the heavy bus market in
triad countries, while, emerging markets like China and India have,
however, been experiencing growth in the heavy-duty vehicles market due
to increasing investment in infrastructure, economic expansion, and
increasing transport volumes.

There is an increasing preference for AT systems in emerging economies
such as China and India. In India, the medium and heavy commercial
vehicle (M&HCV) buses are increasingly adopting AMT and HVT systems.
This push for highly fuel-efficient and lowered emission vehicles,
especially heavy-duty vehicles, will drive the growth of AT market in
these emerging countries.

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